AN ECONOMIC ANALYSIS OF LEGAL INTEGRATION IN LATIN AMERICA

Edgardo Buscaglia and Clarisa Long

Review of Policy Research, 1998, vol. 15, issue 2‐3, 52-79

Abstract: This article presents a legal and economic analysis of Latin American integration and concludes that legal integration can be explained by the degree of overlap found in the economic structures of the countries in a trade agreement. More specifically, it argues that larger proportions of bilateral intrasectoral trade stimulate the private sector's demand to harmonize trade‐related laws. It also demonstrates that countries with emerging high‐growth sectors will tend to harmonize their laws with those of countries experiencing the same changes in their economic structure, whereas traditional agrarian economies do not have an incentive to enter harmonization agreements that benefit high‐growth sectors. In this respect, countries with similar complexity in their legal systems will seek to harmonize their laws.

Date: 1998
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1111/j.1541-1338.1998.tb00779.x

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:revpol:v:15:y:1998:i:2-3:p:52-79

Ordering information: This journal article can be ordered from
http://www.wiley.com/bw/subs.asp?ref=1541-132x

Access Statistics for this article

Review of Policy Research is currently edited by Christopher Gore

More articles in Review of Policy Research from Policy Studies Organization Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().